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Started By
Message
re: Low Gas Prices, People don't understand the Problems
Posted on 1/5/15 at 12:22 pm to Clint Torres
Posted on 1/5/15 at 12:22 pm to Clint Torres
quote:
It's a massive net positive for the american economy.
Is that a gripe?
1
Posted on 1/5/15 at 12:22 pm to Tigerdew
quote:
We'll probably be back there by the summer.
Hoping it's more like $5/gallon. Can you say BONUS.
Posted on 1/5/15 at 12:22 pm to Tigerdew
quote:
Is that a gripe?
hell no
Posted on 1/5/15 at 12:23 pm to America
It's not just the oilfield.
Posted on 1/5/15 at 12:29 pm to El Segundo Guy
quote:
Job markets and industries change. If people can't diversify and adapt, they will get left behind.
Posted on 1/5/15 at 12:31 pm to America
where are they going? They are still pumping oil
Posted on 1/5/15 at 12:32 pm to SlowFlowPro
quote:
but nationally, we cannot let this hurt our path to world domination in petro exports or we're going to face a much more difficult path when the prices come back into the range where it's economically feasible
When the smoke clears from this battle for market share the consumer is going to be the one screwed. These governments and multinational companies are not in a fight to sell you cheap gas. This is the calm before the storm and whenever OPEC get the market share it wants 4 dollar gas will be just a fond memory.
Posted on 1/5/15 at 12:32 pm to swanny297
This will be a good lesson for these roughnecks on the advantages of a savings account. Of course, this lesson will undoubtedly go unheeded.
Posted on 1/5/15 at 12:38 pm to cave canem
quote:
When the smoke clears from this battle for market share the consumer is going to be the one screwed. These governments and multinational companies are not in a fight to sell you cheap gas. This is the calm before the storm and whenever OPEC get the market share it wants 4 dollar gas will be just a fond memory.
Truth.
They are keeping prices artificially low to squeeze out new exploration. When the squeeze is over then the prices will go back to where they want them.
Posted on 1/5/15 at 12:41 pm to America
I mean. You're making over a hundred grand a year and only working half the year. Most land based are on 2 weeks off 2 weeks.
That's damn good money but it's a volatile employment field. Don't go off getting yourself into debt hoping that money will be there and you'll be ok.
That's damn good money but it's a volatile employment field. Don't go off getting yourself into debt hoping that money will be there and you'll be ok.
Posted on 1/5/15 at 12:41 pm to America
The oil industry has always been cyclical, and always will be.
When you hitch your wagon to that industry you have to understand that.
The O&G industry has come back from countless low oil price dips and it will the next time (1986, 1993, 1999, 2008)
Nifty chart:
LINK
More info than you wanted to know:
LINK
When you hitch your wagon to that industry you have to understand that.
The O&G industry has come back from countless low oil price dips and it will the next time (1986, 1993, 1999, 2008)
Nifty chart:
LINK
More info than you wanted to know:
LINK
Posted on 1/5/15 at 12:47 pm to UFownstSECsince1950
quote:there are more than just oilfield jobs being lost....
couple disposable oilfield jobs
Posted on 1/5/15 at 12:49 pm to America
capitalism just capitalism'ing
Posted on 1/5/15 at 12:49 pm to jeff5891
quote:
there are more than just oilfield jobs being lost...
True. I'm sure everyone in Lake Charles is getting pretty nervous.
Posted on 1/5/15 at 12:52 pm to jeff5891
Lots of you could benefit by reading The Prize by Daniel Yergin
Posted on 1/5/15 at 12:52 pm to upgrayedd
quote:natural gas > Oil
I'm sure everyone in Lake Charles is getting pretty nervous.
Posted on 1/5/15 at 12:52 pm to AbitaFan08
quote:
The people yelling:
"People should be paying more for gas so I can still get a paycheck!"
tend to be the same people yelling:
"Hell no people shouldn't get my hard-earned money to subsidize their income!"
And yet they fail to see the contradiction in their statements.
Never even thought of it this way but this is 100% correct
Posted on 1/5/15 at 12:53 pm to AbitaFan08
1 is free market
The other is not
The other is not
Posted on 1/5/15 at 12:54 pm to AbitaFan08
quote:
"People should be paying more for gas so I can still get a paycheck!"
tend to be the same people yelling:
"Hell no people shouldn't get my hard-earned money to subsidize their income!"
i get what you're saying, but one is wanting a particular market price of a good and the other involves government redistribution
so it's not really a contradiction, unless you believe the government owns everything and breaks us off a piece here or there
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